Pandora designs, manufactures and markets hand-finished jewellery made from high-quality materials at affordable prices. Pandora jewellery is sold in more than 100 countries through 7,400 points of sale, including more than 2,700 concept stores. Headquartered in Copenhagen, Denmark, Pandora employs 28,000 people worldwide and crafts its jewellery at two LEED certified facilities in Thailand using mainly recycled silver and gold. The company plans to be carbon neutral by 2025 and has joined the Science Based Targets initiative to reduce emissions across its full value chain. Pandora is listed on the Nasdaq Copenhagen stock exchange and generated sales of DKK 21.9 billion (EUR 2.9 billion) in 2019. Mission: Our mission is to celebrate women by offering them the opportunity for personal expression through our universe of high-quality and contemporary jewellery at affordable prices.
250 W Pratt St, Baltimore, MD 21201
CategoryBeauty & Personal Accessories Stores
We wish to lead the transformation of our industry and show that beautiful, crafted jewellery goes hand in hand with sustainable business practices. It has been no small endeavour to navigate through 2022. The business climate has been marked by geopolitical and economic turbulence, but Pandora’s priorities for sustainable business remain unchanged. We wish to lead the way. Leadership in sustainability is a key foundational pillar of our Phoenix business strategy because it supports our long-term growth and helps us future-proof the company. Our perfor- mance in this area makes us more resilient and positions us well to meet the changing demands from regulators, con- sumers, and investors. In 2022, we made significant progress on our three strategic priorities to become a low-carbon, circular, and inclusive, diverse and fair business. We are on track to halve emissions across our full value-chain by 2030 as part of our ambitious science-based target. Since 2019, we have cut total emissions by 6%. Raw materials are the largest contributor to our value chain emissions, and we are working with our suppliers to reach our goal of using 100% recycled silver and gold by 2025. This will be central to fulfilling our climate ambition and is also key to our circularity agenda. In 2022, we were proud to be recognised by the leading cli- mate organisation, CDP, with an A-rating for our climate action and disclosure. The introduction of Diamonds by Pandora in North America is an example of how we can bring high-quality jewellery with a reduced climate impact to more consumers. The transform- ative collection uses lab-created diamonds that are grown, cut and polished with 100% renewable energy and set in 100% recycled silver and gold – a first for Pandora. In 2022, we advanced on our strategic priority of achieving more diversity in our senior leadership. 29% of our senior leaders (VP+) are women, good progress from 23% in 2021. We launched a comprehensive human rights pro- gramme and continued our support of vulnerable children through our partnership with UNICEF. Pandora has raised a total of USD 10 million for UNICEF since 2019. Lastly, we anchored sustainability firmly in the way we manage Pandora. We have formalised sustainability oversight at the Board level, introduced sustainability targets as part of the remuneration package for our senior leaders, and elevated the leadership of our sustainability teams to reflect their strategic importance. We continue our commitment to the United Nations Global Compact.